European Commission

Minor fiscal impact from pension hikes

The increases planned for main and auxiliary pensions amount to additional public spending of 0.22 percent of gross domestic product, or 434 million euros, for 2020, but expenditure on pensions as a share of GDP is reduced from 14.8 percent to 14.6 percent this year, mainly thanks to the abolition of the pre-election handout of last spring, branded then the "13th pension."

European Commission to Invest €101.2 Million to Promote a Green and Climate-Neutral Europe

The European Commission today announced an investment of 101.2 million for the latest projects under the LIFE programme for the Environment and Climate Action. The funding will support 10 large-scale environment and climate projects in nine Member States, helping Europe's transition to a sustainable economy and climate neutrality.

President Klaus Iohannis to participate in extraordinary meeting of European Council

President Klaus Iohannis is set to attend, starting on Thursday, the extraordinary meeting of the European Council in Brussels, where discussions will focus on the Multiannual Financial Framework of the European Union for 2021-2027, according to a press release of the Presidential Administration .

Bulgaria Allocates BGN 200,000 for Albania

Bulgaria will allocate BGN 200,000 in additional humanitarian aid to Albania as part of the donor conference organized by the European Union in Brussels. The funds raised through the conference are for the recovery and rehabilitation following the severe earthquake in Albania on November 26, 2019. To overcome the damage, the European Commission has decided to allocate € 100 billion.

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